Tax Law Blog

The pressure put on taxpayers with foreign holding by the Internal Revenue Service appears to be paying off. The federal agency recently reported that foreign back account report filings rose more than 8 percent last year, passing the 1 million mark.

With football season upon us, many of our readers' thoughts turn to punishing hits and concussion protocols. But let's face it: No one hits harder than the Internal Revenue Service. When the federal agency wants to punish someone, it has the power...

In the middle of heated presidential campaigns, people will sometimes vow to move out of the country if Candidate X or Candidate Y is elected. Most of these pledges are never carried out, but for those who are sincere about leaving the United States...

Accusations, insults and allegations are hurled back and forth between political parties during this heated election season. So it is nice to see politicians take a breather and pause, if only briefly, to agree on something.

Rowen Seibel is probably not a household name, unless your household is fascinated by the exploits of reality TV's culinary icon Gordon Ramsay. He and Seibel are suing each other disagreements in their partnership in several restaurants.

In latest news from the U.S. Department of Justice, we want to highlight this case of how unpaid employment taxes can add up quickly leading to serious consequences. A Germantown, Tennessee, resident and business owner was sentenced to one year in...

They might have called the wrong person when they dialed Michelle Singletary's number. The syndicated Washington Post columnist and author dispenses financial advice twice a week to the paper's readers. When she got a suspicious message from someone...

If you have an interest in or authority over a foreign bank account, trust, mutual fund or brokerage account that has more than $10,000 in it, you are required to file a Report of Foreign Bank and Financial Accounts (FBAR) with the Internal Revenue...

Today’s digital world has brought about many changes in what things can be a part of a person’s financial life. These changes include the addition of new ways to make money, new types of financial transactions and new types of assets. These new...

He was first elected to the state legislature so long ago that Bruce Willis was just emerging as a movie star and the Beach Boys had one of the year's top hits. Yes, it has been a long time since 1988, which will undoubtedly make the transition to...